Kuwaiti Commerce Minister Abdullah Al-Ali was meeting Minister of trade and Commerce of state Rishad Bathiudeen on eighteen Gregorian calendar month in Nairobi, Kenya. Kuwaiti Minister Al Ali and Minister Bathiudeen were in a very bilateral trade meet on the side-lines of ordinal Session of the United Nations Conference on Trade and Development (UNCTAD 14) in Nairobi, Kenya. change of integrity the session with Minister Bathiudeen was Sri Lanka’s Ambassador and Permanent Representative to the planet Trade Organization (WTO) R.D.S. Kumararatne.

According to the Department of Commerce, in 2015, Total trade between the 2 countries stood at US$ sixty seven.58 Mn. concerning seventy fifth of Sri Lanka’s exports to Kuwait is Ceylon Tea. tho' Kuwait features a ancient work trade targeted on finfish and shrimps.

“Kuwait-Sri Lanka trade is also not thus massive however it's continuous. we tend to believe we are able to develop this in future” same Kuwaiti Minister Al Ali, and added: “We area unit keen to import fish adore Yellow Fin Tuna from state similarly. we are able to additionally partner with state and develop this sector. we tend to import fish from different South Asian countries however not from state. so it's time we glance at state.”

Minister Bathiudeen stressed of strength of Sri Lanka-Kuwait bilateral relations, and said: “Kuwait and state have sustained a robust, relationship over the years. we tend to additionally give thanks Kuwait Fund for the support extended to create road infrastructure in state, particularly variety of bridges. Sri Lanka’s hub position may be a nice chance for world investors. Investors to state will access the neighbor markets through our FTAs which permit the investors to export nearly 8000 product lines duty liberated to the massive one.4 billion South Asian market. I and my Ministry officers area unit prepared extend our fullest help to Kuwaiti investors WHO desires to speculate in our work sector. With relevance Kuwait partnering in our fisheries, I shall explore potentialities on however Kuwait will invest in it. we tend to additionally export concerning $190 Mn fish to major markets round the world. commercial enterprise infrastructure, housing, different significant infrastructure on larva basis similarly as fruits and vegetables are promising investment opportunities for Kuwaiti investors and that i invite Kuwaiti investors to those sectors similarly.”
Kuwaiti Minister additionally urged Minister Bathiudeen to rearrange a presentation on potential investment comes in state, geared toward Kuwaiti funding agencies.

Friday, November 18, 2016

Sri Lanka and Scandinavian country can take effective steps to extend cooperation in many areas, as well as fisheries, data technology, energy, hydro and solar energy and oil and gas exploration.

These were mentioned throughout the bilateral discussions command between President Maithripala Sirisena and visiting Norwegian Prime Minister Erna Solberg at the Presidential Secretariat nowadays (August 12).

Ms Solberg expressed appreciation over the steps taken by this government to strengthen democracy, reconciliation and development, the President’s Media Division according.

The President aforesaid that Sri Lanka|Ceylon|country|state|land} would appreciate technical experience from Scandinavian country to develop the fisheries business in Sri Lanka as there ar huge potentialities for growth in each ocean fishing and upcountry fisheries.

He aforesaid that land seeks foreign investments in export minded industries admire clothes, gem and jewelry, ceramic, plants, timber and medication. He aforesaid that Minister Mahinda Amaraweera would visit Scandinavian country next week to debate ways in which and means that of increasing cooperation in fisheries sector. Ms Solberg aforesaid her government would take steps to pile up potential Norwegian investors and Sri Lankan partners. She additional that as land has currently reached the standing of a Middle-Income Country, the main target would be to help development and increase cooperation in trade, business and business. Norwegian Prime Minister praised the business enterprise business in land and aforesaid that she had a most gratifying vacation within the island throughout the last week. She additional that there's huge scope for top growth within the business enterprise sector.

London exchange Group’s Business Services division (LSEG BSL) in Sri Lanka can presently open its new headquarters within the historic skilled town city district, once called Tripoli Market.

The new Business Services division in Sri Lanka can offer support to the Group’s operational entities across the world. The venture can offer the simplest Associate in Nursingd brightest technology talent within the country with the chance to be a section of an ever increasing, innovative information hub.

The new LSEG facility can directly use four hundred personnel in high-technology jobs, with a further one,200 utilized indirectly. These staff are tasked with providing technical support services that ar central to the Group’s international network. LSEG’s investment and accomplishment drive in Sri Lanka will offer a direct boost for the IT sector of the country.

Murali Subrahmanyan, Head of Business Services capital of Sri Lanka, LSEG said: “Our plans to ascertain a twenty six,000 square foot progressive facility within the heart of capital of Sri Lanka reaffirms our commitment to the technology sector of Sri Lanka. Our new facility at skilled town can house a number of the simplest talent within the trade, and it's necessary to United States of America that each one our facilities mirror these high standards. The launch of this new technology centre represents Associate in Nursing exciting chance for the native population to hitch a very international organisation.”

The projected new twenty six,000 square foot premises would complement LSEG BSL’s current incubation hub that is additionally housed at skilled town.

Wednesday, November 16, 2016

Public Utilities Commission of state, the electricity sector regulator, proclaimed its activity arrange for the year 2017 so as to boost the productivity and convenience for electricity customers, guarantee a reasonable worth for customers and property money stability for licensees, improve safety for each living being and properties of General public, licensees & operators and improve environmental conditions for humans, animals and plants.

The arrange was articulated per the structure result based mostly framework that is vital in meeting management data wants and making certain responsibleness at the varied levels of the organization, and supported the objectives and functions stipulated within the Public Utilities Commission Act No thirty five of 2002 and also the state Electricity Act No. 20 of 2009.

The total allow the Activity arrange 2017 is 250 million rupees to hold out the planned eighty nine activities in achieving key objectives of PUCSL that conjointly embody routine functions and activities of the patron consultive committee severally.

Most of the activities square measure being developed to uplift the electricity sector, whereas prominence has been given to draft fossil fuel rules and water sector rules because the government showed the inexperienced lightweight to create the 2 industries underneath the reach of PUCSL.

The execution of the arrange is administrated by 9 purposeful divisions of PUCSL whereas a project manager has been appointed in respect of every activity.

The PUCSL believes that public consultation is extremely effective once distinctive major comes within the restrictive method, therefore set to induce the general public views, opinions, comments and suggestions on its activities arrange 2017.

The University of Western Australia (UWA) has appointed MTI Consulting as its representative in land for promoting and student accomplishment.

UWA Director of Future Students Trish Rechici aforementioned “UWA was delighted to supply the chance to MTI Consulting to represent UWA in land. UWA can work closely with MTI to promote our courses and recruit students. this may embody providing the mandatory consultative and help for Sri Lankan students in terms of university application, facilitation and visa help. By getting the standardized coaching and certifications, MTI can become a {professional|a certified} Education Agent Counselor that signifies the best moral and professional standards within the business. ”

MTI’s corporate executive Hilmy Cader aforementioned the partnership would supply a singular chance for Sri Lankan students to receive prime quality international education from one among the highest one hundred universities within the world. Since UWA is a component of the cluster of eight most prestigious universities in Australia, graduates of UWA can have a high recognition and demand from the corporates and therefore the society each regionally and internationally. MTI can fits all the coaching and certification necessities to make sure best skilled and moral services to students.

UWA may be a analysis-intensive university and recognized collectively of the eight leading research universities in Australia. It offers sixty eight college man majors and a hundred and eighty postgraduate courses to twenty four,000 students representing quite one hundred countries. UWA is taken into account one among the leading universities in Australia in graduate employability and its distinguished alumni includes a Nobel prize winner and former Australian Prime Minister.

MTI Consulting has applied quite 510 assignments across forty countries since its institution in 1997. it's worked with government and education establishments as well as North-South University of East Pakistan, school of Health Sciences of Bahrain, NIBM, NSBM, Institute of hired Accountants (Sri Lanka), Bahrain Institute of Banking & Finance, ULAB of East Pakistan, Royal school (Sri Lanka), Overseas college of Colombo (Sri Lanka), hired Institute of promoting and land Institute of promoting.

Minister of Health Dr Rajitha Senaratne nowadays aforementioned that displaying the amount of salt and fat in food merchandise via color codes are going to be created obligatory in land.

He explicit that the govt has already introduced the “traffic lights system” for sweetened drinks and additionally to the current they need already aware the soft drinks trade that a taxation system are going to be introduced for merchandise with high levels of additional sugar.

“Every cola bottle has nine spoons of sugar (35g) in it. The suggested daily intake of sugar for atiny low kid is merely 19g,” he said, addressing a news conference in Colombo following the conclusion of the 69th session of the United Nations agency Regional Committee for South-East Asia. “That is that the reason they're obtaining sick.”
So within the future not just for sugar, the traffic lights system also will be introduced for salt and fat whereas in another number of days we are going to begin imposing taxes, he said.

The Health Minister additionally aforementioned that they will introduce a free health medical examination system which is able to be obligatory for each person within the country.

Not in land however in any a part of the planet this can be the primary time a health medical examination system is given freed from charge from the general public sector, he said.

“All these years if you had to urge a health medical examination you have got to travel to a non-public hospital. No health medical examination was given to the individuals from the general public sector.”

He aforementioned that 842 fashion centers have already been established within the rural areas everywhere the country for this purpose.

More than educating the individuals, these fashion centers can check the pressure, sterol, glucose and additionally the BMI.

From these four tests we are able to see whether or not he/she has some NCD downside and if he/she wants any treatment then we tend to check with the nighest hospital for any treatment, he said.

He aforementioned that the ministry has additionally came upon 906 well girls centers which additionally to the same tests they'll additionally do carcinoma tests and also the cervical cancer tests for girls.

“In regarding 2018 i need to create this required to any or all the individuals within the country, for the complete population to urge checkups.”

This is a replacement system we've custom-made for the primary time within the world, he said.

“I wish to increase these services within the second stage to a different district centre i'm aiming to came upon with a Singaporean institution.”

“What they need wiped out Vietnam within the atomic number 67 Chi Minh town, i'm aiming to adapt a similar system here there we are going to do all the advance checkups except imaging and CT scans,” he said.

Tuesday, November 8, 2016

The valuation prices of Honda Vezel and Toyota Premier vehicles are revised and consequently their import duties have inflated by around Rs. 300,000 to 400,000, land Vehicle Importers’ Association chairman Indika Sampath Merinchige told adenosine deaminase Derana line.
The land Vehicle Importers’ Association chairman supplemental that once the models of those vehicles amendment the valuation prices too have modified consequently.

He went on to clarify therefore, “The valuation of vehicles is obtained when deducting specific|the actual} duties by particular countries from the vehicle manufacturer’s costs on their websites. once the vehicles reach land this valuation is taken into consideration to calculate the taxes. The valuation of auto models just like the Toyota Allion, Premier and Honda Vezel modified throughout the past few days.

“At this instance, the vehicle makers have taken steps to extend the costs of the new vehicles thanks to the changes in style. What happens here is even though AN older model is foreign their valuation is completed underneath the new model costs since each the new and older models square measure underneath an equivalent class.

The price of a replacement vehicle has inflated by some two hundred,000 Japanese Yen. In parallel there has been a rise of around Rs. 400,000 on a Premier automotive. The Vezel model has seen a rise of around Rs. 200,000 to Rs. 250,000.

He supplemental that once the models of foreign vehicles amendment their valuation too is revised. This increase is thanks to the Customs but valuing these vehicles underneath one class whether or not they square measure older or the most recent models.

Meanwhile, the {sri lanka|Sri Lanka|Democratic Socialist Republic of land|Ceylon|country|state|land} Vehicle Importers’ Association chairman supplemental that the Sri Lanka Customs has conversant them that the valuation of many alternative models of vehicles may increase within the future. underneath these circumstances, future vehicle imports got to be additional curtailed, he said.

Tuesday, October 25, 2016

Proposals for Budget 2017 from Trade Unions of Public sector, Statutory boards and personal sector were collected yesterday (24th Gregorian calendar month.) at a gathering control with the patronage of minister of finance Ravi Karunanayake at the Ministry of Finance. Representatives of many Public sector Trade Unions participated during this event. The proposals that ought to be enclosed within the forthcoming Budget were mentioned throughout this meeting.

Among the proposals given to the cathedral were: offer a scientific coaching for the new recruits to the general public service, Revise the retirement regulation, the way to impose tax on people who earn Brobdingnagian financial gain however be pay tax as they're excluded within the legal system and contour the general public transport service. every proposal was analyzed intimately throughout this meeting. The factors those might have an effect on once implementing such proposals were conjointly mentioned within the meeting.

At that juncture, minister of finance Ravi Karunanayake aforesaid it ought to contemplate implementing those proposals in an exceedingly manner which might offer most service to the general public. plenty of individuals are recruited to public sector in haphazard manner throughout the previous regime thus, discussions were control to place such redundancies into productive functions. Attention was drawn to occasions wherever some employees square measure compelled to try and do over time because of vacancies.

Representatives from ten trade unions of National organisation Federation like Public Administration, Health, Teaching, Education, Labor, Transport, data and Telecommunication and Posts participated within the discussion.

At the conclusion of the discussion, minister of finance Ravi Karunanayake aforesaid that he was ready to hold a really flourishing discussion which can facilitate him to form necessary changes whereas protective the employee rights. He conjointly aforesaid that many discussions just like that of the today’s meeting were control within the past many weeks aiming to gift a additional individuals friendly take into account 2017.

Commenting on behalf of the National organisation Federation, its President zamang Ratnapriya aforesaid that minister of finance Ravi Karunanayake responded terribly completely to his federation proposals. He conjointly aforesaid that discussions of the type can prove that it's able to defend not solely the rights of the operating community however conjointly to seem on behalf of the across the country vital problems. Ratnapriya conjointly aforesaid that the chance he had to possess discussion with the Minister of Finance was important because it enabled him to furnish his views towards a government affair like creating a national budget.

Deputy Treasury Secretary A.R. Deshapriya and Public Finance Policy Department’s Director General A.K. Senevirathna were conjointly gift within the meeting.

“With the R&D work allotted by our groups of scientists and technologists at this contemporary facility, we’ll be able to introduce several innovative merchandise and solutions to specifically cater to the native driving conditions,” same LAUGFS Lubricants Director/CEO, Dr. Gamini Amarasekera, a veteran individual in mechanical engineering.

Most modern vehicles, machinery and instrumentation presently within the market ar designed considering operative environments in larger and developed markets appreciate North America, China, Japan and Europe.

However, operative environments in these countries ar considerably totally different to tropical countries appreciate state, India, Bangla Desh and Myanmar. As a result, the designed output and potency of those vehicles and machinery can not be effectively achieved once operated in numerous environments, the corporate same.

The analysis and development work allotted at the new mechanical engineering Park can enable LAUGFS Lubricants to produce localized stuff solutions to higher cater to Sri Lanka’s driving conditions.

“The innovative mechanical engineering solutions provide a mixture of native experience not to mention international technology; the simplest of each worlds. distinctive stuff formulations ar created mistreatment newest analysis and innovation combined with the unrivaled expertise and insights LAUGFS has gained within the native stuff trade,” Amarasekera same.

The new merchandise developed at the power won't solely profit the native customers, however also will usher in multiple edges to the country’s economy.

By serving to to increase the generation of vehicles and machinery, this can serve to avoid wasting exchange outflow, which might otherwise are spent on spare components. the power additionally provides employment opportunities for young native professionals, WHO ar supplied with resources and international exposure to hold out R&D work mistreatment newest technology, the corporate same.

Equipped with trendy instruments, a young skilled team as well as formulation scientists, chemists, engineers and technical employees leads this facility.

The mechanical engineering Park provides young graduates from native and foreign instructional establishments, with the chance to coach not solely in lubrication science, however additionally in several disciplines appreciate health & safety, surroundings protection, producing, method enhancements and coming up with.

Established in 2008, LAUGFS Lubricants offers a variety of automobile and industrial stuff merchandise. it's Original instrumentation Manufacturer (OEM) approvals for Volvo, Renault and Porsche vehicles and is that the solely Sri Lankan stuff company to carry licenses from the yank crude oil Institute, that defines international trade standards for motor oils.

LAUGFS Lubricants could be a subsidiary of LAUGFS Holdings restricted, one amongst the biggest heterogeneous business conglomerates in state. supported in 1995, LAUGFS has dilated across twenty industries in state and overseas within the power and energy, retail, industrial, services, leisure, provision and property sectors.

The cluster has over four,000 staff ANd an annual turnover prodigious Rs.28 billion.

Saturday, August 27, 2016

Sri Lanka is seeking a association that has got to embody a corporation from the Indian landmass to bid for a $400 million contract to make a port terminal, the ports minister aforesaid on weekday.

The move to incorporate AN Indian landmass firm may neutralise growing Chinese influence in Colombo’s port.

Arjuna Ranatunga, Sri Lanka’s ports minister, aforesaid a minimum of a twenty p.c stake in consortia bidding for the Colombo East terminal construction contract should be control by a firm from the Indian landmass.

The planned terminal is close to Colombo International instrumentality Terminals (CICT), operated by China Merchants Holdings on a 35-year build-operate-transfer basis, and a $1.4 billion 269-hectare saved port town, conjointly designed by a Chinese firm.

“We don’t specifically say Indian. however we want to know up to sixty five p.c of our cargoes attend Asian nation and seventy two p.c to the landmass,” Ranatunga told a remote Correspondents’ Association (FCA) forum.

Friday, August 19, 2016

Diesel & Motor Engineering PLC (DIMO) has created its mark over again at the next level by fabric a record tally of 3 awards at the seventh Asia’s Best leader complete Award ceremony hosted by leader stigmatisation Institute, World HRD Congress & Stars of the trade cluster and supported by Asian Confederation of companies this year at Pan Pacific, Singapore.

DIMO has been recognized underneath three special class awards at this fulgid ceremony continued fourth August that included: Asia’s Best leader complete Award, Award for Innovation in achievement and Award for Excellence in Leadership Development. Mrs. Dilrukshi Kurukulasuriya (General Manager – Human Resources) diagrammatic DIMO at the event. The accolades, beside the continual run, are a testament to their constant commitment to Best practices.

This additionally provided a forum wherever Human Resources executives might connect with one another to share their best practices in leader stigmatisation.Outstanding professionals from many countries UN agency ar causative to “Talent Management, Talent Development and Talent Innovation” ar a region of the leader stigmatisation Institute. The Institute is exemplary within the manner during which it's run and has created a platform to celebrate the simplest in leader stigmatisation in many Asian countries. With over seven years of existence the network of worker stigmatisation Institute is increasing in size and stature with several hour leaders from over thirty six Countries, suggested people and organisations UN agency do exemplary work.

With a spirited history spanning seventy seven years, DIMO takes pride in representing the simplest built brands within the world, in Sri Lanka. These embody world famed marques comparable to Mercedes-Benz, Siemens, Bosch, Jeep, Tata, Osram, Michelin, Zeiss, Komatsu etc. DIMO additionally got awarded as an excellent Place to figure in Sri Lanka for the fourth consecutive year, while winning several different class awards. Moreover, DIMO has received various accolades for his or her hour best practices domestically and internationally. With AN objective of making a work that's pleasant and appreciated for his or her workers, DIMO is within the method of designing their 2d consecutive DIMO Got Talent Competition, wherever DIMO Tribe will showcase their abilities on the far side workplace duties.

Sunday, August 14, 2016

The Sri Lankan Government nowadays signed a three-party for the national capital International money town, erst referred to as the national capital Port town. With the language of the agreement CHEC Port town national capital (Pvt) Ltd, the Project Company for the Port town, issued a a written enterprise to withdraw all compensation claims from the govt. The agreement was signed between the Ministry of Megapolis and Western Development, the Urban Development Authority (UDA) and CHEC Port town national capital. The new three-party agreement formally replaces the previous agreement signed on September sixteen, 2014 between the govt of Ceylon and CHEC Port town, a subsidiary of China Communication Construction Company (CCCC).

cupboard on weekday approved a proposal to draft the specified legislation to ascertain a money town in national capital as a part of the Chinese-funded port town project. the govt aforesaid the key objective of the planned money town is to become the distinguished money hub within the region to draw in foreign investments from South Asian and geographic region region further as from European countries. the cupboard approved the proposal created by Prime Minister Ranil Wickremesinghe, in his capability as Minister of National Policies and Economic Affairs, to implement the project below the superintendence of the Ministry of National Policies and Economic Affairs, to draft legislation for institution of the money town and to get needed legal services during this regard.